Raymond James Financial Inc. purchased a new stake in Wolverine World Wide, Inc. (NYSE:WWW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 131,272 shares of the textile maker's stock, valued at approximately $2,914,000. Raymond James Financial Inc. owned 0.16% of Wolverine World Wide as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the business. Savant Capital LLC acquired a new stake in Wolverine World Wide in the fourth quarter valued at $205,000. Pacer Advisors Inc. bought a new stake in shares of Wolverine World Wide in the 4th quarter valued at about $64,943,000. JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide by 1,263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,426,942 shares of the textile maker's stock valued at $24,857,000 after buying an additional 1,322,254 shares during the period. XTX Topco Ltd increased its stake in shares of Wolverine World Wide by 338.6% in the third quarter. XTX Topco Ltd now owns 47,346 shares of the textile maker's stock valued at $825,000 after buying an additional 36,551 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Wolverine World Wide by 240.0% during the fourth quarter. Victory Capital Management Inc. now owns 257,734 shares of the textile maker's stock worth $5,722,000 after acquiring an additional 181,935 shares during the last quarter. Institutional investors own 90.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on WWW shares. UBS Group reduced their target price on Wolverine World Wide from $29.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price on shares of Wolverine World Wide from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus upgraded Wolverine World Wide from a "hold" rating to a "buy" rating and increased their price target for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.
Read Our Latest Research Report on Wolverine World Wide
Wolverine World Wide Stock Up 1.3 %
Wolverine World Wide stock traded up $0.18 during midday trading on Tuesday, reaching $13.99. The stock had a trading volume of 413,186 shares, compared to its average volume of 1,235,357. The company has a fifty day moving average price of $17.26 and a two-hundred day moving average price of $19.03. Wolverine World Wide, Inc. has a 12 month low of $9.07 and a 12 month high of $24.64. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $1.13 billion, a P/E ratio of 25.48 and a beta of 1.93.
Wolverine World Wide (NYSE:WWW - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Wolverine World Wide had a return on equity of 26.81% and a net margin of 2.73%. The firm had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The company's quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities analysts expect that Wolverine World Wide, Inc. will post 1.23 EPS for the current fiscal year.
Wolverine World Wide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide's payout ratio is presently 72.73%.
Wolverine World Wide Company Profile
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Free Report)
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
Further Reading
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